DocuSign (NASDAQ:DOCU) shares are trading lower by 24.54% to $65.92. The company late Thursday reported worse-than-expected first-quarter EPS results and issued in-line guidance. Evercore ISI Group downgraded the stock from Outperform to In-Line and lowered its price target from $100 to $75.
DocuSign reported quarterly earnings of 38 cents per share which missed the analyst consensus estimate of 46 cents by 17.39 percent. The company also reported quarterly sales of $588.70 million which beat the analyst consensus estimate of $581.76 million by 1%.
